Cisco Gobbles Up Office Space
As Fast as Irvine Can Build It

By

Peter Grant Staff Reporter of The Wall Street Journal

Updated April 5, 2000 12:01 a.m. ET

Insatiable Cisco

Cisco Systems Inc. can't build fast enough to keep up with its space needs. The networking giant is running out of room even though it has more than 4.5 million square feet in north San Jose, Calif., is finishing a one million square-foot campus in Milpitas and is planning a $1.3 billion facility in Coyote Valley.

So Cisco did what any other company valued over $500 billion would do: It grabbed the biggest block of speculative space in the area. Cisco has leased the first four office buildings that Newport...